Which of the Following Are Benefits of Quantifying the Economic

question 31

Multiple Choice

Which of the following are benefits of quantifying the economic value of research?

• A)Increased credibility with senior management and other functional areas
• B)Increase focus on the factors in the processes that drive the most economic value
• C)More ammunition in defending the research budget
• D)Better prioritization and allocation of research resources
• E)All of the above

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Definitions:

Encoding

The initial process of converting information into a form that can be stored in memory.

Consequence

A result or effect that follows naturally or logically from an action, decision, or condition.

Goal-Directed

Behaviors or actions that are initiated and guided by objectives or desired outcomes, aimed at achieving specific goals.

Observing Others' Behavior

The process of watching the actions and reactions of individuals or groups in order to learn and understand social norms, skills, or information.